FREIGHTWAVES reports:
In the end, Ancora got its man.
In a stunning turn of events that could not have been foreseen when Alan Shaw, then the CEO of Norfolk Southern (NYSE: NSC), swatted away a proxy battle by Ancora Holdings in May to have him removed from his job, Shaw is now gone anyway.
He was felled soon after the launch of an investigation of a personal relationship with the company’s chief legal officer, Nabanita C. Nag.
And according to …
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